Provision Effective 2004 2005 2006 2007 2008 2009 2010 20

1. Temporary replacement of interest rate used for 

purposes of pension funding and PBGC variablerate premiums for 2004 and 2005; employers mayelect whether to use temporary replacementinterest rate in applying deduction limits [2] ......................... pyba 12/31/03 3,299 5,563 1,247 -1,261 -1,004 -2,216 -2,737 -1,8

2. Partially waive deficit reduction contributions for 2

years for plans of certain employers not subject tothe deficit reduction contributions rules in 2000;additional required contribution would generally bethe greater of: (1) a percentage of the otherwiseapplicable additional contribution (20% for first year,40% for second year), or (2) the amount of theexcess, if any, of (i) the expected increase incurrent liability due to current year accruals, over (ii)the regular funding contribution for the year; appliesto passenger airline, steel and iron ore industries, acertain tax-exempt organization, and employerswho apply for relief and receive approval from theSecretary of the Treasury (sunset plan yearsbeginning after 12/27/05) [2] [3] ........................................... pyba 12/27/03 292 445 -18 -474 -368 -111 -121 -1

3. Multiemployer plan funding notices [4] ................................ pyba 12/31/044. Amortization hiatus for net experience losses in 

multiemployer plans (sunset plan years beginningafter 6/30/06) ....................................................................... pyba 6/30/02 4 10 12 9 5 2 [5] 

5. 2-year extension of transition rule to pension funding

requirements ....................................................................... pyba 12/31/03 2 6 2 -3 -2 -2 -2 

6. Procedures applicable to disputes involving pension

plan withdrawal liability [7] ................................................... [8]

7. Sense of the Senate............................................................. DOE8. Allow employers to transfer excess defined benefit

plan assets to a special account for health benefitsof retirees (sunset 12/31/13)................................................ DOE --- --- 18 38 40 40 40 

ESTIMATED REVENUE EFFECTS OF TAX AND PENSION PROVISIONS OF H.R. 3108, 

Fiscal Years 2004 - 2013 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - No Revenue Effect - - - - 

AS PASSED BY THE SENATE ON JANUARY 28, 2004 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - No Revenue Effect - - - - 

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Negligible Revenue Effect - - 

THE "PENSION STABILITY ACT," [1]

[Millions of Dollars] 
Page 2

Provision Effective 2004 2005 2006 2007 2008 2009 2010 20

9. Limit 501(c)(15) to organizations with annual gross

receipts not to exceed $600,000 and with premiumsgreater than 50% of gross receipts; modify definitionof insurance company for P&C companies forexemption and investment income electionpurposes............................................................................... tyba 12/31/03 54 120 134 136 138 140 143 1

 NET TOTAL ............................................................................................................ 3,651 6,144 1,395 -1,555 -1,191 -2,147 -2,677 -1,8Joint Committee on Taxation -------------------------------------- NOTE: Details may not add to totals due to rounding. Legend for "Effective" column: 

DOE = date of enactment pyba = plan years beginning after tyba = 

[1] Section 12 of HR 3108 as passed by the Senate repeals Section 105 of the Miscellaneous Appropriations and Offsets Act, 2004. The budget effects of this provision a[2] Estimate does not include the effects on PBGC variable rate premiums which are the responsibility of the Congressional Budget Office.[3] Provision includes interaction with item 1.[4] Provision provides penalty assessable by the Department of Labor for failure to provide notice. [5] Negligible revenue effect.[6] Loss of less than 500,000.[7] Estimate does not include the effects on PBGC which are the responsibility of the Congressional Budget Office.[8] Provision applies to any employer that receives a notification under Section 4219(b)(1) of ERISA after October 31, 2003.